About 674 Iranistan Avenue
MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)—a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!
Features of 674 Iranistan Avenue
| MLS® # | 170619796 |
|---|---|
| Price | $530,000 |
| Bedrooms | 10 |
| Bathrooms | 3/1 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 5,424 |
| Acres | 0.11 |
| Year Built | 1917 |
| Type | Multi-Family For Sale |
| Sub-Type | 3 Family |
| Style | 3updown - Unit(s) per Floor, Units on different Floors |
| Status | Closed |
Community Information
| Address | 674 Iranistan Avenue |
|---|---|
| Area | West End |
| City | Bridgeport |
| County | Fairfield |
| State | CT |
| Zip Code | 06605 |
Amenities
| Parking | Detached Garage, Off Street Parking, Paved |
|---|---|
| Garage Spaces | 3 |
| Is Waterfront | No |
| Waterfront | Beach, Beach Rights |
| Has Pool | No |
Interior
| Heating | Natural Gas, Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior | Cement Block, Vinyl Siding |
|---|---|
| Exterior Features | Gutters, Porch |
| Lot Description | City Views, Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Block |
School Information
| Elementary | Per Board of Ed |
|---|---|
| Middle | Per Board of Ed |
| High | Per Board of Ed |
Additional Information
| Date Listed | January 23rd, 2024 |
|---|---|
| Days on Market | 100 |
| Zoning | RC |
| RE / Bank Owned | No |
Listing Details
| Office | American Home Realty LLC |
|---|